GOLD FUTURES The trend has been changed and the trend is up and forcefully and we have a very strong summit that we are likely to come into contact with in order to achieve the goal
Earlier on last week, Gold moved to the downside upon reaching the resistance level. However, the move was quickly recovered and ended the week with a small green candle. This small bodied candle may indicate the start of market indecision especially since the momentum for Gold has been high throughout the seasonally strong months. Gold may be on track to 1960...
As you see on the chart we will have a good opportunity of buying. Thanks.
Test video with voice from tradingview charts. Weekly prediction to create trading plan for this week
We are maintaining long positions in gold due to a strong bullish trend. Our trend-following systems entered a week ago in gold futures as well as in heating oil and silver, and short positions in wheat and cocoa. We are maintaining positions with a guaranteed trailing stop loss at 8%. Pro Real Time: ibb.co
Based on the current situation with global economic private investors want to go in classis save capital. Gold is protection tool for all financial crises. We are expecting that a price should down to 1800$ (wave 4 )and back to 2100$ (wave 5). Keep you eyes and look on results of SP500 in 1Q 23. Possible we can get Gold for 3000$ at the end of 4Q 23
Weekly Kickoff levels are longer timeframe levels where we believe longer time traders will adjust inventories.
Gold is going higher again. The price set a new higher high and higher close on the weekly and daily, violating key structure resistance. Bullish continuation to follow!
Gold has an interesting trend as of late, ever since $DXY peaked and yields started coming down. It lately caught a bid even on days when bonds were selling off which made it interesting as it suggested we could be seeing rebalancing flows out of bonds and into gold (this happened right after the debate about increased spending surfaced in Congress). I caught part...
Factor Prop account went long at the bear trap and we took what equates to 1/3rd profits at these levels. We will remain alert for a proper correction. Our long term target in Gold is 3,000-plus based on a monthly chart Cup and Handle.
Here's a 1-day chart, 1 year view, commodities comparison with the tickerTracker MFI oscillator set to length 20: Gold - bright orange Copper - dull orange Silver - light gray Palladium - darker gray Platinum - white gray Corn - yellow Soybean - green Lumber - brown Wheat - brown yellow Oil - black blue Gas - white Do your own due diligence, your risk is 100%...
Let’s begin with a recap. In 2022, precious metals were down 4.4% when the S&P500 Index was down 19.4%. That is an outperformance of 13.8% for precious metals against equities. Still, many firm believers of gold were, at times, questioned why gold was not scaling new highs in a year when inflation was doing exactly that. As Nitesh Shah outlines in his model,...
In this update we review the recent price action on the Gold futures contract and identify the next high probability trading opportunity and price objectives to target
Right here is where the gold's price could pivot to the downside (1850) for a healthy pullback. If it is still moving on up to 1950, expect a push to 2000. By price 1950, gold would have gone +20% from the most recent bottom.
In the short term, waiting for the price correction to collect the orders needed to continue the climb ... #GC1! #XAUUSD
The price of 1920 should be a fair amount of resistance because it is along term high from way back in 2011. The recent rally could pull back at this stage.
Gold flew pass the key 50% Fibonacci retracement resistance region and ended the week at the 61% Fibonacci retracement resistance region. Price remain extended especially on the weekly time frame. If price continues to move towards the $2,000 price region without retracement or sideway movement, shorting without confirmation may seem favorable. Nonetheless, the...